Omni Partners Macro Fund Reports First Losing Year In History

After five years of consistent double digit returns, Omni Partners Macro Fund ended 2013 down -4.87%, the first time the fund ended in the red in its seven year history, according to a letter to investors reviewed by ValueWalk.  The London-based hedge fund has a total of $1.4 billion under management in three strategies. Early hedge fund investors in the discretionary fund had grown accustomed to a 14.42% compounded annual return and were disappointed by 2013’s loss as well as the paltry 0.73% gain in 2012 – both years the stock market enjoyed robust double digit gains. Macro fund was…